100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
AceableAgent Real Estate Principals 2 (2024 / 2025) Actual Questions with Verified Answers, 100% Guarantee Pass $12.99   Add to cart

Exam (elaborations)

AceableAgent Real Estate Principals 2 (2024 / 2025) Actual Questions with Verified Answers, 100% Guarantee Pass

 4 views  0 purchase
  • Course
  • Aceable Agent: Real Estate Principles
  • Institution
  • Aceable Agent: Real Estate Principles

AceableAgent Real Estate Principals 2 (2024 / 2025) Actual Questions with Verified Answers, 100% Guarantee Pass

Preview 4 out of 55  pages

  • August 21, 2024
  • 55
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Aceable Agent: Real Estate Principles
  • Aceable Agent: Real Estate Principles
avatar-seller
TIPSCORE
AceableAgent Real Estate Principals 2.pdf file:///C:/Users/HP/Desktop/NIW/AceableAgent%20Real%20Estate%




Aceable Agent Real Estate Principals 2



1. Is information about a property's location.This could include the city, region, and

neighborhood in which the poperty uis situated.

ANS General Data



2. Is information regarding the property itself.

ANS Specific Data



3. The idea that the present value of a property is affected by the ANTICIPATED income or

utility that property will give its property owner.

ANS Principle if Antici- pation



4. The idea that a property's overall value is made up of the combined value of each of its

parts. But the CONTRIBUTORY value of an item is not always equal to the price of that

item.






1 of 55 8/20/2024, 12:37

,AceableAgent Real Estate Principals 2.pdf file:///C:/Users/HP/Desktop/NIW/AceableAgent%20Real%20Estate%




ANS Principle of Contribution



5. States that the value of something is affected by the cost of getting a similar (substitute)

item elsewhere.

ANS Principle of Substitution



6. Reminds us that the the condition of a property, the desirability of its location, and

the market in which it exists can always change, which could affect the value of the

property.

ANS Principle of Change



7. States that when supply is low and demand is high, prices will increase. And if supply

is plentiful and demand is low? Prices will then drop.

ANS Principles of Supply and Demand



8. Claims that maximum value is realized when land use is in harmony with

surrounding standards.

ANS Principle of Conformity





2 of 55 8/20/2024, 12:37

,AceableAgent Real Estate Principals 2.pdf file:///C:/Users/HP/Desktop/NIW/AceableAgent%20Real%20Estate%




9. States that the presence of higher value or lower homes near the subject property

can change its value.

ANS Principles of Regression and Progression



10. Is a acronym to help us remember the four characteristics that make real estate

valuable

Demand, Utility, Scarcity and Transferability.

ANS DUST



11. If there are multiple buyers interested in a property, the property with increase

in value.

ANS Demand



12. Properties need to be useful or serve some kind of purpose in order to have value to a

buyer. An empty lot, for example, may not look like it has much utility, but to a buyer who

wants to build a custom home in that area, it's quite useful.

ANS Utility





3 of 55 8/20/2024, 12:37

,AceableAgent Real Estate Principals 2.pdf file:///C:/Users/HP/Desktop/NIW/AceableAgent%20Real%20Estate%




13. If the amount of housing in an area is low in supply, it grows in value.

ANS -

Scarcity



14. Whether it's government rules or a title issue, anything that limits the

transferability of real estate makes it less valuable.

ANS Transferability



15. A REPORT from a licensed appraiser that's sums up a property's market value based

on collected data. The lender usually asks for this during the mortgage origination

process.*

ANS Appraisal Report



16. The appraisal report is usually paid by...

ANS The Buyer









4 of 55 8/20/2024, 12:37

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TIPSCORE. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79650 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart